Latest Updates Around The World
Shares of ITC LTD, one of the largest cigarette manufacturers in India, will be in Focus on Thursday 4 September, after the GST Council had clarified that the current 28% GST Plus compensation structure on tobacco products will continue until compensation-related loans will be fully refunded. After that, a revised 40% GST plate is introduced […]
Markets moved higher and won more than half a percent, supported by optimism around the GST Council meeting. In the current trade, shares of Jio Financial, Swiggy, Aptus Value Housing, Coal India, Maruti Suzuki will be in focus because of various news developments. BhelBhel received orders worth more than RS 2,600 Crore from MB Power […]
The Indian market ended higher on Wednesday, with banking and metal shares of leading profits, while investors were waiting for updates from a gods and services Tax (GST) council meeting that are expected to weigh the rate reductions on different products. The NSE Nifty went to 135.45 points, or 0.55%, to end at 24,715.05, while […]
Automotive Tyre Manufacturers Association (ATMA) On Monday, a reduction in the GST rates on tires for cars up to 5 percent compared to the current 28 percent, whereby the government was encouraged not to treat it on the same footing with luxury goods. The body mentioned its impact on important sectors such as transport, agriculture, […]
In coming major reforms, the GST about cars – currently in the highest tax bracket – will be restructured to resolve classification peels with regard to motorcycle capacity and vehicle size, which ultimately benefit the ordinary man, according to government sources.Cars are currently taxed at 28 percent, which is the highest GST plate. A compensation […]
